Mobileye Global (NASDAQ:MBLY) Price Target Raised to $23.00 at Loop Capital

Mobileye Global (NASDAQ:MBLY) had its price objective raised by stock analysts at Loop Capital from $20.00 to $23.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s price objective suggests a potential upside of 29.80% from the stock’s current price.

Several other brokerages have also weighed in on MBLY. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. TD Cowen increased their target price on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.38.

Mobileye Global Trading Up 2.1 %

NASDAQ MBLY opened at $17.72 on Wednesday. The business’s 50-day moving average price is $15.80 and its 200 day moving average price is $18.13. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $44.48. The company has a market capitalization of $14.37 billion, a PE ratio of -4.85 and a beta of 0.44.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. grew its stake in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its position in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after buying an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in shares of Mobileye Global by 11.1% in the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock worth $406,000 after buying an additional 1,441 shares during the last quarter. Tidal Investments LLC raised its holdings in Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock valued at $501,000 after acquiring an additional 1,617 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Mobileye Global by 29.1% during the 2nd quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock valued at $249,000 after acquiring an additional 1,999 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.